Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alkermes PLC's interest expense for the three months ended in Sep. 2014 was $-3.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2014 was $-13.6 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense. Alkermes PLC's Operating Income for the three months ended in Sep. 2014 was $-32.7 Mil. Alkermes PLC's Interest Expense for the three months ended in Sep. 2014 was $-3.4 Mil. Alkermes PLC's interest coverage for the quarter that ended in Sep. 2014 was 0.00. The higher the ratio, the stronger the companys financial strength is.

Definition

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a companys Operating Income (EBIT) by its Interest Expense. The higher, the better.

Alkermes PLC's interest expense for the three months ended in Sep. 2014 was $-3.4 Mil. Its operating income for the three months ended in Sep. 2014 was $-32.7 Mil. And its Long-Term Debt for the three months ended in Sep. 2014 was $352.8 Mil.

Alkermes PLC's Interest Coverage for the quarter that ended in Sep. 2014 is calculated as

Alkermes PLC did not have earnings to cover the interest expense.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The higher the ratio, the stronger the companys financial strength is.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

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